Crossmark Global Holdings Inc. Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Crossmark Global Holdings Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,364 shares of the construction company's stock after selling 27,805 shares during the period. Crossmark Global Holdings Inc.'s holdings in D.R. Horton were worth $25,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DHI. TCI Wealth Advisors Inc. raised its stake in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after purchasing an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after acquiring an additional 59 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after acquiring an additional 60 shares during the period. Whittier Trust Co. raised its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock worth $520,000 after purchasing an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. lifted its position in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Citigroup dropped their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Finally, BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Price Performance

DHI stock traded up $0.68 during trading on Friday, hitting $168.79. The stock had a trading volume of 2,652,161 shares, compared to its average volume of 3,101,310. D.R. Horton, Inc. has a twelve month low of $120.10 and a twelve month high of $199.85. The company's 50-day moving average price is $184.62 and its two-hundred day moving average price is $166.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock has a market capitalization of $55.00 billion, a P/E ratio of 11.75, a PEG ratio of 0.56 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $4.45 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 15.54 EPS for the current fiscal year.

D.R. Horton declared that its board has authorized a share repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. D.R. Horton's dividend payout ratio is 8.36%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.